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GEM Services (TPE:6525) Accounts Receivable : NT$797 Mil (As of Mar. 2024)


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What is GEM Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GEM Services's accounts receivables for the quarter that ended in Mar. 2024 was NT$797 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GEM Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 68.53.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GEM Services's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$2.58.


GEM Services Accounts Receivable Historical Data

The historical data trend for GEM Services's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

GEM Services Accounts Receivable Chart

GEM Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 633.13 782.79 1,015.68 832.61 790.79

GEM Services Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 780.55 778.59 863.20 790.79 797.13

GEM Services Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


GEM Services Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

GEM Services's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=797.127/1061.426*91
=68.53

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), GEM Services's accounts receivable are only considered to be worth 75% of book value:

GEM Services's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2007.565+0.75 * 797.127+0.5 * 161.208-2352.863
-0-0)/129.047
=2.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


GEM Services Accounts Receivable Related Terms

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GEM Services (TPE:6525) Business Description

Traded in Other Exchanges
N/A
Address
Harbour Place, PO Box 472, 2nd Floor, Grand Cayman, CYM, 1106
GEM Services Inc is a power semiconductor packaging and testing services provider. Its products are used in consumer electronics, communication devices, computing, industrial and automotive applications. The company's portfolio of services covers packaging development, wafer processing, assembling services, electrical tests, logistic services, and reliability testing. Geographically company mainly operates in two regions that are Taiwan and China where it generates the majority of its revenue from Taiwan.

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